Mizkan to acquire Premier Foods business unit
June 18, 2012
by Keith Nunes
MT. PROSPECT, ILL. – Mizkan Euro-Americas, a business unit of the Mizkan Group, is in the process of acquiring the vinegar and sour pickle business of Premier Foods plc for £41 million ($64 million). The sale is expected to be completed by the end of July.
The purchase includes the Sarson’s, Haywards and Dufrais lines of branded products. Sarson's Malt Vinegar and Haywards Pickled Vegetables are both No. 1 in their respective categories while the Dufrais brand is No. 2 in specialty vinegars, according to Mizkan. The brands are manufactured at a production facility in the city of Middleton in the U.K.
“All of the brands fit well with our product portfolio in Europe and North America and represent an excellent strategic fit as we expand our business base in the U.K. and across Europe,” said Craig Smith, president and chief executive officer of Mizkan Euro-Americas.